Want international growth? Africa’s set to double pharma sales in 5 years
Thursday, June 18, 2015
Pharma growth in China may be slowing and Europe stalling, but there’s one area where drugmakers might actually achieve some big growth, according to McKinsey & Co. That’s Africa, a mere $4.7 billion market in 2003 and $20.8 billion a decade later.
And now? McKinsey numbers put the African drug market at $52 billion by 2020 – -and as high as $65 billion on the optimistic end of things. Even at the low end of their projections — $40 billion — that’s twice the level of 2013 sales.
Source: Fierce Pharma (link opens in a new window)
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